Newmont (NEM) Stock Forecast & Price Target

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$38.44

-0.20 (-0.52%)

(As of 04/15/2024 ET)

Newmont Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 14 Analyst Ratings

Analysts' Consensus Price Target

$48.96
27.38% Upside

High Forecast	$67.00
Average Forecast	$48.96
Low Forecast	$36.00

Type	Current Forecast 4/17/23 to 4/16/24	1 Month Ago 3/18/23 to 3/17/24	3 Months Ago 1/17/23 to 1/17/24	1 Year Ago 4/17/22 to 4/17/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	11 Buy rating(s)	8 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$48.96	$50.04	$53.06	$62.80
Predicted Upside	27.38% Upside	30.20% Upside	27.37% Upside	20.35% Upside

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NEM Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NEM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Newmont Stock vs. The Competition

Type	Newmont	Basic Materials Companies	S&P 500
Consensus Rating Score	2.57	2.57	2.48
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	27.38% Upside	400.48% Upside	11.23% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
4/8/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Parkin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform Overweight
4/4/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$60.00 ➝ $45.00	+19.36%
2/29/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$34.00 ➝ $38.00	+27.22%
2/28/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$50.00 ➝ $43.50	+45.78%
2/26/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
2/23/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$40.00 ➝ $36.00	+14.76%
Get the Latest News and Ratings for NEM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Newmont and its competitors with MarketBeat's FREE daily newsletter.
2/15/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$57.00 ➝ $56.00	+68.32%
2/8/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$45.00 ➝ $40.00	+20.19%
12/13/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$42.00 ➝ $40.00	+4.77%
11/21/2023	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$45.00	+23.09%
10/27/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$59.00 ➝ $57.00	+48.05%
7/24/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$63.00 ➝ $57.00	+31.67%
7/21/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Sector Outperform ➝ Neutral	$54.00 ➝ $50.00	+17.79%
7/7/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$62.00 ➝ $61.00	+46.83%
4/21/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$58.00 ➝ $67.00	+40.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:29 AM ET.

NEM Price Target - Frequently Asked Questions

What is Newmont's consensus rating and price target?: According to the issued ratings of 14 analysts in the last year, the consensus rating for Newmont stock is Moderate Buy based on the current 6 hold ratings and 8 buy ratings for NEM. The average twelve-month price prediction for Newmont is $48.96 with a high price target of $67.00 and a low price target of $36.00. Learn more on NEM's analyst rating history.
Do Wall Street analysts like Newmont more than its competitors?: Analysts like Newmont less than other Basic Materials companies. The consensus rating score for Newmont is 2.57 while the average consensus rating score for basic materials companies is 2.58. Learn more on how NEM compares to other companies.
Is Newmont being downgraded by Wall Street analysts?: Over the previous 90 days, Newmont's stock had 1 downgrade by analysts.

Does Newmont's stock price have much upside?: According to analysts, Newmont's stock has a predicted upside of 30.85% based on their 12-month stock forecasts.
What analysts cover Newmont?: Newmont has been rated by Argus, BMO Capital Markets, Citigroup, Jefferies Financial Group, National Bank Financial, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.

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This page (NYSE:NEM) was last updated on 4/16/2024 by MarketBeat.com Staff

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Newmont (NEM) Stock Forecast & Price Target

Newmont Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

NEM Analyst Ratings By Month

NEM Price Targets by Month

Newmont Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

NEM Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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